damage
Ransomware damage to businesses is estimated to be $1 billion
Group-IB, a Singapore-based Cybersecurity provider, has presented a clinical report that says that the financial damage induced by the ransomware attacks on the world economy in the past 6 months is $1 billion. The firm’s survey also concluded that neither private sector nor the public sector companies are immune to the dreaded file encrypting malware […]
Cyber Attacks cause financial amercement and reputational damage to SMBs
Switzerland based insurance company Chubb says that cyber attacks can cause financial amercement and ruin the reputation of small and medium scale business on a permanent note. The recent report published by the cyber insurance provider says that on an average business face a loss of $400,000 which might push an SMB into doldrums forever. […]
Global Ransomware damage costs predicted to exceed $11.5 billion by 2019!
The costs incurred from global ransomware damage are predicted to exceed $11.5 million annually by 2019. And this forecast was given by Washington based firm Cybersecurity Ventures, which researches and reports on cybercrime costs, the market size of cybersecurity market and its spending forecasts. In the official 2017 Ransomware Report, announced early this week by […]
